About GrowTech
GrowTech is a Business Services company based in Bengaluru (India) founded in 2015 by Puduruthy Vaidyanathan Subramanian. Diversified BPO services are provided by GrowTech from India. GrowTech has raised $200.59 thousand across 1 funding round from investors including SRV Controls, Ratan N Tata and Deepak Mangla. GrowTech was last valued at $1.7 million in October 2015. Its focus areas include BPO Services and Horizontal. Its legal entity in India is Growtech Innovations India Private Limited (U72200KA2014PTC077578). Its competitors include Datamatics, Quess and CESC; 1 of its 3 listed competitors has raised funding.
Company details
GrowTech was founded in 2015 and is headquartered in Bengaluru, India. Diversified business process outsourcing services are offered by the company to support various operational needs. Focus is placed on BPO functions including customer support, data management, and administrative tasks. Operations are managed from the Indian base, with services extended to international clients. Leadership is provided by co-founder Puduruthy Vaidyanathan Subramanian.
- Headquarters Bengaluru, India
- Founders Puduruthy Vaidyanathan Subramanian
- Stage Minicorn
- SectorsBusiness Services
- Website growtech.biz
- Social LinkedIn X Facebook
- Legal Name Growtech Innovations India Private Limited
- Date of Incorporation 03 Dec, 2014
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹18,735
FY 2023 · -99% YoY
- Net Loss-₹7.6 Lakh
FY 2023 · -4069% margin
- EBITDA-₹5.3 Lakh
FY 2023 · -2845% margin
- Total Equity Funding$200.59K (USD)
in 1 rounds
- Latest Funding Round$200.59K (USD), Seed
Oct 2015
- InvestorsSRV Controls
& 9 more
Associated legal entities of GrowTech
GrowTech is associated with 2 registered companies on The Company Check; the primary company is Growtech Innovations India Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Growtech Innovations India Private Limited CIN U72200KA2014PTC077578 | Active | 03 Dec 2014 | Bengaluru, Karnataka | ₹0.0 Cr | 4 | View details | |
| Livpure Private Limited CIN U41000HR2011PTC122339 | Active | 24 May 2011 | Gurgaon, Haryana | ₹579 Cr | 1,108 | 6 | View details |
Funding Insights of GrowTech
GrowTech has successfully raised a total of $200.59K through 1 strategic funding round. The most recent funding activity was a Seed round of $200.59 thousand completed in October 2015. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $200,590
- Total Rounds 1
- Last Round Seed — $200,590
- First Round $200,590
(Oct 2015)
- Investors Count 10
All 1 funding rounds of GrowTech with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2015 | $200,590 | Seed | $1.7M | Ratan N Tata |
| Date | Valuation | Stage |
|---|---|---|
| Oct 2015 | $1.7M | •••••••• |
Last known valuation $1.7M (Oct 2015). 10 investors in total: 2 institutional and 8 angel.
Investors in GrowTech
GrowTech has secured backing from 10 investors, including angel and institutional investors. Prominent investors backing the company include SRV Controls, Ratan N Tata and Deepak Mangla.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Offers products to detect impacts, tilts, and temperature changes during shipping and handling. | 2002 | srvcontrols.com | Delhi, India | |
Financial advisory and consulting services for VC funds are provided. | jindagilive.in | Gurugram, India | ||
RN Ratan N Tata | Chairman Emeritus of Tata Sons, iconic industrialist, and active angel investor | unknown_6d5ffdd8158b4b7f8 | ||
DM Deepak Mangla | unknown_9658c269a4b64e7f9 | |||
KB Kintu Bajaj | unknown_b0a6723137984b4a8 | |||
SS Suresh Shetty | unknown_26be7c4793034ef7b | |||
SA Shailesh Agarwal | unknown_f1b9d6a7fbfb43d18 | |||
PS Partha Sarathi Guha Patra | Angel investor and tech leader, ex-Google, focused on Indian startups | unknown_f0a9a3a9b7484f0bb | ||
AP Amit Parsuramka | unknown_7f7a8a49d1a448448 | |||
PS Prasad Subramaniam | unknown_ee1eb3e6c13740999 |
Investor details for GrowTech
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Growtech Innovations India Private Limited (GrowTech)
Growtech Innovations India Private Limited is the primary company behind GrowTech. The boards of the 2 registered companies of GrowTech currently have 10 directors; the longest-serving is Rakesh Malhotra, appointed in 2011. 14 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Rakesh Malhotra DIN 00322648 | Director | 24 May 2011 | 15 yrs 5 mo | Livpure Private Limited |
| Navneet Kapoor DIN 00034357 | Director | 17 Sep 2011 | 15 yrs 1 mo | Livpure Private Limited |
| Pradip Radhakrishnan Subramaniam DIN 07014090 | Director | 03 Dec 2014 | 11 yrs 11 mo | Growtech Innovations India Private Limited |
| Puduruthy Vaidyanathan Subramanian DIN 07014101 | Director | 03 Dec 2014 | 11 yrs 11 mo | Growtech Innovations India Private Limited |
| Rajan Sundar Ramakrishnan DIN 05317973 | Director | 06 Sep 2016 | 10 yrs 2 mo | Livpure Private Limited |
| Rakesh Kaul DIN 08560772 | Managing Director | 16 May 2023 | 3 yrs 5 mo | Livpure Private Limited |
| Praveg Arvind Patil DIN 10693755 | Director | 16 Aug 2024 | 2 yrs 2 mo | Livpure Private Limited |
| Brij Bhushan Nagpal DIN 01853613 | Director | 10 Sep 2024 | 2 yrs 1 mo | Livpure Private Limited |
| Bharat Chand DIN 10616884 | Director | 08 Jan 2025 | 1 yr 9 mo | Growtech Innovations India Private Limited |
| Manoj Kumar Joshi DIN 10151041 | Director | 08 Jan 2025 | 1 yr 9 mo | Growtech Innovations India Private Limited |
People of GrowTech
1 people are tracked at GrowTech (1 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership |
Complete people profiles for GrowTech
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of GrowTech
Figures of Growtech Innovations India Private Limited, the primary company behind GrowTech, for FY 2023. Revenue was ₹18,735 (-99% year on year). Net loss was -₹7.6 Lakh (-4069% margin). EBITDA was -₹5.3 Lakh (-2845% margin). Revenue has grown at a compounded annual rate of -84% over three years and -67% over five years.
- ₹18,735Revenue · FY 2023 · -99% YoY
- -₹7.6 LakhNet loss · -4069% margin
- -₹5.3 LakhEBITDA · -2845% margin
- ₹5.7 LakhPaid-up capital
- -84%Revenue CAGR, 3 years
- -67%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Growtech Innovations India Private Limited are on its company page.
Detailed financial statements for GrowTech
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of GrowTech
3 dated milestones of GrowTech, from founding to its latest funding, stage changes and deals.
- Founded GrowTech is founded.
- Funding First funding round of $201K.
- Milestone Reaches Minicorn status.
Competitors of GrowTech
GrowTech has 3 listed competitors in our database, 1 of them funded. They include Datamatics, Quess and CESC.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| datamatics.com | 1975 | Mumbai, India | $3M | 5,875 | Cloud-based text analytics and cognitive automation services are provided. | |
| quesscorp.com | 2007 | Bengaluru, India | 1,860 | Provider of outsourcing and business services | ||
| cesc.co.in | 1879 | Kolkata, India | 6,320 | Electricity generation and distribution are provided in eastern India. |
Detailed competitors of GrowTech
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Business Process Outsourcing (BPO)
3 companies that operate in the same segment as GrowTech (Business Process Outsourcing (BPO)) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of outsourcing and business services | 2007 | Bengaluru, Karnataka, India | USD 1.63 B | 299 | ||
Cloud-based text analytics and cognitive automation services are provided. | 1975 | Mumbai, Maharashtra, India | USD 3 M | USD 211.78 M | 4,960 | |
Electricity generation and distribution are provided in eastern India. | 1879 | Kolkata, West Bengal, India | USD 2.03 B | 5,688 |
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Frequently Asked Questions about GrowTech
GrowTech was founded in 2015.
GrowTech is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
GrowTech is a funded company, having raised a total of $200.59K across 1 funding round to date. The company's 1st funding round was a Seed of $200.59K, raised on Oct 2015.
The primary company behind GrowTech, Growtech Innovations India Private Limited, reported revenue of ₹18,735 for FY 2023, down 99% year on year.
GrowTech was founded in 2015 and is headquartered in Bengaluru, India. Diversified business process outsourcing services are offered by the company to support various operational needs. Focus is placed on BPO functions including customer support, data management, and administrative tasks. Operations are managed from the Indian base, with services extended to international clients. Leadership is provided by co-founder Puduruthy Vaidyanathan Subramanian.
GrowTech's top competitors include Quess, Datamatics and CESC.
GrowTech has 10 investors. Key investors include SRV Controls, Ratan N Tata, Deepak Mangla, Kintu Bajaj, and Suresh Shetty.
The valuation of GrowTech is $1.7M as of Oct 2015.
GrowTech is associated with 2 legal entities: Growtech Innovations India Private Limited, Livpure Private Limited.
The legal entities of GrowTech currently have 10 directors, including Rakesh Kaul, Navneet Kapoor, Brij Bhushan Nagpal and others.